Tax

Investors who hold securities, shares and bonds long term are to benefit from a tax exemption on a part of the capital gains that they make under a proposed government law. The government plans [...]

The government estimates that around 370,000 people could benefit from new rules for IRS Jovem, a flagship policy that will reduce taxes for young people up to 35 years if the policy is passed by [...]

A study on the ‘Impact of IRC on the Portuguese Economy’ has concluded that reducing IRC on companies would have positive consequences for Portugal’s GDP. However, the loss of revenues for the [...]

Lisbon City Council is mulling a €2 hike on the city’s tourist tax, effectively doubling it from €2 to €4, and includes cruise ship passengers. According to Jornal de Negócios the goal is to [...]

The Council of Ministers of Portugal’s new centre-right coalition government says it is “true and undeniable” that it will fulfil its election pledge to shave €1.5Bn off IRS taxes compared to [...]

Portugal’s new Aliança Democrática (AD) government has promised to bulldoze through nine election pledge measures “immediately” including lowering IRS tax, on housing, education and European [...]

The average corporation tax paid by companies in Portugal in 2022 increased 1.4% and stood at 20.3%. And surtaxes saw a 57.7% increase on the previous year with over 22.4% of companies bearing [...]

Portugal’s tax authorities have introduced a new measure whereby assets held in offshore accounts will have to be declared from next year. The move will also include income from capital derived [...]

Portugal has been given two months by Brussels to action an EU law that stipulates that multinational companies must pay a minimum of 15% taxes on their profits. So far, Portugal has failed to [...]

Portugal is now not only losing the competitive edge on Eastern Europe in terms of manufacturing, but is also losing tax competitiveness, despite having received billions in EU levelling up funds [...]